- That was an easy run up with no new news. Little resistance to come up 47%. Not a lot of volume but also not a lot of selling into this.
- Overhang of HHL still there with 3.7M shares but obviously their expectations must be higher because there is no-one hitting the stocks in the queue. I would be surprised if the management and HHL aren't trying to find a cross here because for HHL it can't be more then a 750k investment in a non-core business area and for LMB it is holding the stock back.
- Great little emerging Graphite story. Quarterly read well. Will be interested to see what is in these Korean assets they have purchased. Not much information since November but some activity there this quarter so we will see what value is there. BTW, if you do a calc of what they were going to pay for those assets in the initial announcement vs the details in the meeting minutes from the AGM, they actually ended up paying less.
HXG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
